presented an outstanding location with perfect facilities. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 13 of 14 The development of Dusit Central Park will commence

units under the brands “Dusit Residences”, comprising 159 units, and “Dusit Parkside”, comprising 230 units, in which CPN has 40% stake in the project. The project is proudly presented an outstanding

operation, executives and employees, who are specialized in its business operation, from Excellent Graphics Co., Ltd. (“EG”) and Wrap Graphic Company Limited (“WG”) (whose shareholders has become that

the project. The project is proudly presented an outstanding location with perfect facilities. The development of Dusit Central Park will commence after the decommission of the existing Dusit Thani

Saraburi Quicklime subsidiary, while we expect to maintain the momentum into the end of the year , there were exceptional circumstances in the competitive environment during the last two quarters that

-affirmed to AA- by TRIS Industry spreads weak Management focus on cost and cash flow improvement Exceptional items adversely impacted core EBITDA Strong Thai Baht adversely impacted translated earnings 2 3Q

Southeast Asia in the electricity and utility business group. Received Excellent Awards from Leading Magazines and Private Agencies As of 27 February 2020, the Company was awarded Deal of the Year in the year

The opinions of the Independent Financial Advisor on the connected transaction (For the purpose of translation only) 0 The opinions of the Independent Financial Advisor on the connected transaction by Thai Wacoal Public Company Limited Presented to Shareholders of Thai Wacoal Public Company Limited Prepared by 8 March 2019 This English report of the Independent Financial Advisor’s Opinions has been prepared solely for the convenience of foreign shareholders of Thai Wacoal Public Company Limited...

its formula for excellent cleaning of fuel injectors, allowing for complete combustion within the engine that allows for smooth performance with maximum clean power. 7 Management Discussion and Analysis

furnishing processes and on course for opening in March 2019. Moreover, CPN is currently preparing an investment plan in Vietnam, a market with exceptional growth potential in the region that will be an